Ask Question
16 August, 05:01

The expression 2500 (1.06) ^t represents the value of a $2500 investment that earns 6% interest per year, compounded annually for t years, what is the value of a $2500 investment at the end of 3 years?

+2
Answers (1)
  1. 16 August, 05:23
    0
    All you have to do to arrive at the desired answer here is to substitute 3 for t in the given expression 2500 (1.06) ^t.

    It is important that you know this formula and how to use it.

    If t = 3 years, then you'd have $ 2500 (1.06) ^3 = $2500 (1.19) = $2977.54
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The expression 2500 (1.06) ^t represents the value of a $2500 investment that earns 6% interest per year, compounded annually for t years, ...” in 📗 Mathematics if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers